The live-action film will star newcomers Alexander Molony and Ever Anderson in titular roles along with Jude Law as Captain Hook and Yara Shahidi as Tinker Bell.
The outlet notes that it’s still unclear if these potential streaming releases would be offered with a premium charge on Disney+ or not.
It will be directed by David Lowery (Pete’s Dragon, The Green Knight) with Toby Halbrooks having co-written the adaptation with Lowery.
The original animated film, based on the 1883 novel The Adventures of Pinocchio by Carlo Collodi, first debuted in theaters in 1940 and won two Academy Awards.